4M is making progress on selection of the site for building the carbon fiber product demonstration line using the advanced atmospheric plasma oxidation. The site selection team is also evaluating sites for the first six to eight production lines. Selection criteria has been defined, and two regions within Tennessee and Georgia have been narrowed for additional analysis.
4M engaged a consultant to support site identification and evaluation in Tennessee and is evaluating options in Georgia.
CEO Rob Klawonn said: “Based on my past experience, I am sure that we can select a manufacturing site in the coming months and initiate activities in early 2019.”
The six lines and the product demonstration line are expected to create about 400 high-quality jobs and include an investment of more than $600M in the next six to eight years.
Companies: 4M Carbon Fiber Corp